thinkprogress.org - 2/4/2009
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Today, President Obama announced that top executives’ pay at companies accepting TARP funds would be capped at $500,000, with any additional compensation coming only in the form of stock options that could not be cashed until the government had been repaid.
As news of the plan leaked ...
online.wsj.com - 2/5/2009
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online.wsj.com —
The president is expected to unveil a series
of pay curbs, including a strict $500,000 pay limit...
for top executives of companies that receive "exceptional assistance."
(more)
Obama Issues Executive-Pay Limits
msnbc.msn.com - 2/4/2009
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msnbc.msn.com —
The Obama administration plans to mandate new executive
pay limits on Wednesday for government-assisted financial institutions in...
a new get-tough approach to bankers and Wall Street.
(more)
Obama to announce limits on executive pay
google.com - 2/4/2009
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google.com —
12 hours ago WASHINGTON (AP) The Obama administration
plans to mandate new executive pay limits on Wednesday...
for government-assisted financial institutions in a new get-tough approach to bankers and Wall Street. "If the taxpayers are helping you, ...
(more)
The Associated Press: Obama administration to issue ...
Comments
Blog Reactions
Dean Baker: Wall Street Pay Limitations Are a "Sham"
MoJo Blog Posts: mojo —
... the CEO could still make out well, if they got paid in stock, the price of which was propped up by taxpayer dollars. Most of us could make a company quite successful with the assistance of tens of billions of taxpayer dollars.
This form of "spreading the wealth around" does not benefit the economy or the country. Joe the Plumber has the right to expect that his tax dollars are better used.
I could have sworn that anything the fat cats hated this much had to be a could thing. But it looks like there is still serious ...
Let's Wait and See on the Wall Street Pay Limitations
MoJo Blog Posts: mojo —
... restrictions. Also, many banks are likely to get considerable subsidies in the future through "capital access programs." The administration should not be shy about applying these guidelines to these banks, although the better route would be to not provide large subsidies from taxpayers to banks and shareholders. The government should simply takeover the bankrupt banks and resell them to the private sector after their books have been straightened out.
The fat cats hate this thing with a vengeance, but it looks like there is still room for ...
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"$500,000 is not a lot of money"
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Executive pay caps that survived in the stimulus
dailykos.com 2/15/2009 — Cross-posted from Congress Matters . If you've got a Daily Kos account, you've got a Congress Matters account. Log in with your existing Daily Kos user name and password. Seems some executive pay limits for TARP recipients did survive the ...
TARP
balloon-juice.com 2/15/2009 — Surprise good news in the TARP bill that President Obama just signed. I could get used to this.
A provision buried deep inside the $787 billion economic stimulus bill would impose restrictions on executive bonuses at financial institutions that ...
More Lemon Socialism -- And Why The Limits on Wall Street Pay Are For Show
tpmcafe.talkingpointsmemo.com 2/7/2009 — Wall Street and its allies are in a tizzy over the Obama administration's proposed $500,000 limit on executive pay, saying it will threaten their ability to attract and retain executive talent. I do not mean to deprecate Wall Street executives when I ...
Obama To Cap Executive Pay At $500,000, NY Times Reports
huffingtonpost.com 2/5/2009 — As was reported today , Barack Obama is expected to announce Wednesday a series of new pay limits, including those for executive pay, for companies receiving significant amounts of bailout money. Obama is scheduled to make the announcement alongside ...
Steel-state lawmakers vow to save "Buy American" —
Reuters: Politics 2/4/2009
WASHINGTON (Reuters) - Lawmakers from steel-producing states insisted on Wednesday that a Buy American provision remain in a huge economic stimulus plan after President Barack Obama said Congress should look at dropping or changing the measure to ...
Obama's promised health care overhaul delayed —
Reuters: Politics 2/4/2009
WASHINGTON (Reuters) - President Barack Obama's push to revamp the costly and inefficient U.S. healthcare system was facing delay even before Tom Daschle, who was chosen to head the initiative, withdrew his nomination as health secretary.
U.S. House approves children's health bill —
Reuters: Politics 2/4/2009
WASHINGTON (Reuters) - The U.S. House of Representatives on Wednesday approved legislation providing $32.8 billion to expand a popular children's health program and sent the bill to President Barack Obama for his signature.
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